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market failure

Permits to pollute

The issue of tradable permits, or cap-and-trade schemes is a important one at the moment, and it is a relevant solution to …

Air pollution in Malawi

At the moment in Malawi they are arguing about whether or ‘passing wind’ should be banned.  Some of those in the government …

Rainforests and tradable permits

One solution that is proposed for solving market failure, and in particular a negative externality of production, is that of a system …

A carbon tax in France

The French government for a while was considering the introduction of a ‘carbon tax’ as a method to reduce pollution (a negative …

Carbon trading

A number of businesses in Europe have been ‘ripped off’ recently by fraudsters who stole a large number of carbon permits.  These …